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Friends Prov launches flat load charging GPPs

Friends Provident is launching a group personal pension plan using a level load charging structure.

The Series 2 Plan has been designed to produce higher transfer values in the earlier years but lower maturity values compared to its existing plan.

IFAs will be able to choose either Series 2 or the existing plan.

Both plans offer Friends Provident full range of 16 investment funds, including With Profit Fund and the ethical Stewardship Fund.


Pension funds up just 1 per cent by Q3 due to market turmoil

UK pension funds have successfully weathered this year&#39s stock market turmoil, according to the WM company.Strong performance in the first quarter compensated for dramatic falls in the last quarter of minus 10 per cent. Pensions funds are on average up 1 per cent on the year.WM executive director Alexa Henderson says: &#34Stormy markets have made […]

Hiscox offers internationally-invested insurance trust

Hiscox Investment Management is launching the first investment fund to focus on the international insurance sector.The Hiscox Insurance Portfolio has already raised over £5m from an initial offer to existing clients at LLoyd&#39s.Between 60 per cent and 70 per cent of the fund is expected to be invested in international insurance businesses listed on major […]


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